A tug of war has erupted between the mainland's securities regulator and top economic planning agency for control over the private-equity sector.
In a circular that raised eyebrows among China-watchers following the mainland's recent cabinet reshuffle, the National Development and Reform Commission (NDRC) reiterated previous rulings that private equity funds would be barred from selling mutual funds.
via Business feed http://www.scmp.com/business/money/markets-investing/article/1204223/authorities-clash-over-control-pe-funds
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